Cos to get unique number to report overseas investments: RBI

To be effective from June 1, 2012

PTI | June 1, 2012



To simplify the online reporting framework for overseas investment by Indian companies, the Reserve Bank today said Unique Identification Number (UIN) will be allotted to them through an auto-generated email.

With effect from June 1, 2012, the RBI notification said, the auto generated e-mail, giving the details of UIN allotted to the JV/WOS under the automatic route, would be treated as confirmation of allotment of UIN.

In 2010, RBI had revised the reporting framework for overseas direct investment (ODI) by Indian parties and provided for on-line reporting.

The online system enable on-line generation of the UIN, acknowledgement of remittances and filing of the Annual Performance Reports.

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